financial advice

If you are in the mortgage market, there are four categories; first-time buyer, non-first time buyer, investor (buy-to-let), or a switcher. Different rules and criteria apply for each.

Most of the current market is made up of first-time buyers. They are in a privileged position over non-first timers as they only have to find a 10% deposit whilst for second-time buyers, it is 20% of the purchase price.

Currently in Ireland we have almost “The Perfect Storm” for Savers. Firstly, we have a situation of very low interest rates affecting the returns we get from our savings. Secondly, we have one of the highest Tax rates on deposits, which is currently 39% of the interest you earn. If you add to this the rising costs of buying a property or putting your child/children through school, then you get “The Perfect Storm” or treble whammy.

Alpha Wealth has reached the 5th year anniversary milestone. And what a journey it has been, through both good times and bad. Having worked in Financial Advisory for 15 years in the Banks primarily since 2000, Nick felt that Irish consumers were not being given straightforward advice and that the Banks and Insurance companies were biased and overcharging for their services. Hence Alpha Wealth was born. It’s a business that was born in the teeth of the recession, but we’ve also seen the great growth years of recent times too.

“1.2.3”, “Chill”, “hello” where to turn?”

I often watch the adverts on TV and wonder why when my son sings the Jingle “12,3.ie just log on and save money”. And the little boy telling us we can save up to €400 per year on our mortgage protection insurance, my wife, who likes to shop online, is not running to the laptop.

Sign up to get a free financial review!

Testimonial

Alpha Wealth, reviewed my existing company pension plans which I had one from a previous employment and one through my current employment of which they assessed and researched the pension market extensively on my behalf and amalgamated them into the one Company pension scheme which enhanced my overall fund and reduced my costs going forward. I would highly recommend Alpha Wealth’s Financial Consultants as they take a direct and active interest in their clients’ individual needs